Investment Highlights

30-YEAR NET LEASE TO A MASSIVE FORTUNE 500 PHARMACY STORE CHAIN
» Walgreens Boots Alliance, Inc. (NASDAQ: “WBA”) is rated “BBB/Stable” by Standard & Poor’s and is ranked 18th in the Fortune 500
» Walgreens is the second-largest pharmacy store chain in the U.S. with nearly 9,000 retail locations and is proud to be a neighborhood health destination serving approximately 10 million customers each day
» Walgreens employs 245,000+ people and 86,000+ healthcare service providers, including pharmacists, pharmacy technicians, and other health-related professionals
» Tenant has been at current location since 2001 – tenant’s dedication to the site is exemplified by its long term commitment to this location
» 8+ years remaining on net lease with minimal landlord responsibilities
» Property features prescription drive-thru lane, providing additional customer convenience and boosting sales revenue

IDEAL LOCATION AT THE CONFLUENCE OF MAJOR INTERSTATE HIGHWAYS
» Prime location at the signalized four-way intersection of Lyndon Lane and New La Grange Road (combined 48,400 AADT)
» Located at the confluence of major U.S. thoroughfares, including Interstates 264, 265, and 71 (combined 287,493 AADT)
» Surrounded by notable national tenants such as Walmart Supercenter, Target, The Home Depot, Lowe’s Home Improvement, Best Buy, Topgolf, Kroger, Whole Foods Market, Chick-fil -A, and many more
» Located near major Louisville employers and community hubs, including University of Louisville (23,194 students, $1.8 billion annual economic impact) and Louisville International Airport (3.2 million passengers in 2021, $10.4 billion in economic impact annually from aviation)

EXCELLENT DEMOGRAPHICS NEAR LOUISVILLE ATTRACTIONS AND HUBS
» 209,954 residents live within five miles of the property, creating an extremely large and reliable customer base for the site
» Average annual household income of $114,277 within a five-mile radius of the site, providing an affluent customer base
» Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise Walgreens and Louisville for steady concurrent growth
» Gateway to Downtown Louisville, the largest central business district in Kentucky
» Louisville’s economic momentum remained strong in 2022 with Louisville Metro Government’s Economic Development team locating 51 projects that represent $2.09 billion in new investment and 3,696 new jobs

Property Description

» This Walgreens is conveniently located at the signalized four-way intersection of Lyndon Lane and New La Grange Road (combined 48,400 AADT)
» Located in a massive reatail corridor, the property is surrounded by notable tenants such as Walmart Supercenter, Target, The Home Depot, Lowe’s Home Improvement, Best Buy, Topgolf, Kroger, Whole Foods Market, Chick-fil-A, and many more, creating significant crossover shopping
» The site is strategically located near major Louisville employers and community hubs, including University of Louisville (23,194 students, $1.8 billion annual economic impact) and Louisville International Airport (3.2 million passengers in 2021, $10.4 billion in economic impact annually from aviation)
» The site greatly benefits from its large customer base, drawing from 209,954 residents living within five miles of the property
» An average annual household income of$114,277 within a five-mile radius of the site provides an affluent customer base
» Louisville’s economic momentum remained strong in 2022 with Louisville Metro Government’s Economic Development team locating 51 projects that represent $2.09 billion in new investment and 3,696 new jobs